Month: August 2024

Daily Pivots: (S1) 0.6558; (P) 0.6581; (R1) 0.6596; More… Intraday bias in AUD/USD stays mildly on the upside as rise from 0.6348 is in favor to continue. Sustained break of 55 D EMA (now at Read more…

Daily Pivots: (S1) 1.3714; (P) 1.3733; (R1) 1.3749; More… Intraday bias in USD/CAD remains neutral at this point. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Read more…

Daily Pivots: (S1) 0.9370; (P) 0.9423; (R1) 0.9497; More…. Intraday bias in EUR/CHF stays neutral and further decline is still expected with 0.9476 support turned resistance intact. On the downside, break of 0.9354 minor support Read more…

Daily Pivots: (S1) 0.8544; (P) 0.8562; (R1) 0.8573; More…. Intraday bias in EUR/GBP remains neutral for the moment. Some consolidations would be seen below 0.8624, with risk of deeper pullback. But downside should be contained Read more…

Daily Pivots: (S1) 1.6555; (P) 1.6589; (R1) 1.6642; More… Intraday bias in EUR/AUD remains neutral for the moment. Outlook is staying bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring Read more…

The BoJ has taken up a much more aggressive strategy and we no longer expect them to wait for all the pieces to fall in place before tightening policies further. We expect the BoJ will Read more…

Key Highlights EUR/USD is aiming for a fresh increase above the 1.0930 resistance. A key declining channel is forming with resistance at 1.0925 on the 4-hour chart. GBP/USD is eyeing a recovery wave above the Read more…

Eli Lilly positively wowed investors with its second-quarter results on Aug. 8.  The stock jumped 9.5% that day and an additional 5.5% on Aug. 9.  For the week, Eli Lilly  (LLY)  shares ended at $891.68, up 10.8%, Read more…

Fed Governor Michelle Bowman noted during a Saturday event that her “baseline” expectation is for inflation to decline further under the current policy stance. She added that if incoming data shows inflation moving sustainably toward Read more…

WTI reversed from support zone Likely to rise to resistance level 78.00 WTI crude oil recently reversed up from the support zone set between the strong support level 72.40 (which has been reversing the price Read more…